Pakistan supports its local steel industry with antidumping duties
Monday, 18 June 2018
by Commodity Inside
Pakistan National Tariff Commission (NTC) imposed up to 14.24% anti-dumping duties on imports of colour coated galvanised steel coils (organic coated steel) from China and South Africa for the next five years. The decision was made in June 2018 on the basis that the imported steel coils were potentially being imported at dumped prices causing
- Published in Steel
The Global Wind Energy Market Outlook 2018-2028
Wednesday, 06 June 2018
by Commodity Inside
The trend towards clean, affordable and reliable power remains one of the key drivers behind the growth in renewable energy. Unlike solar energy, wind power has a huge CapEx. So, to encourage private investors, governments around the world have been providing subsidies and incentives. The strict environmental regulations also supported the market, particularly in matured
- Published in Energy
China closes excess capacity, but diminishing demand will undermine the efforts
Thursday, 24 May 2018
by Commodity Inside
China is going to close its outdated steel capacity which will bring the country total steel capacity below one billion tonnes by 2025, according to China Iron and Steel Association (CISA). Commodity Inside understands that this is in line with the country efforts on improving environmental conditions as well with the current Sino-US trade tensions.
- Published in Steel
OBOR and the railway infrastructure market
Tuesday, 14 November 2017
by Commodity Inside
The One Belt, One Road (OBOR) is the Chinese government global initiative to connect China with rest of the world through roads, railways, ports and gas pipelines. With the enormous potential investment of $900 billion, the project was initiated in 2013 by the Chinese President Xi Jinping, and is considered the most massive overseas investment
- Published in Construction, Steel
One Belt, One Road — the main beneficiary
Thursday, 08 June 2017
by Commodity Inside
In 2013, China’s president, Xi Jinping, proposed the ’One Belt One Road (OBOR) initiative, to create the world’s largest platform for trade and economic development. The State Council authorised the plan in 2015 comprising two components, the silk road economic belt and the maritime silk road, creating a network of roads, railways and waterways. The
- Published in Construction, Steel
CPEC is set to revive construction and infrastructure market in Pakistan
Thursday, 11 May 2017
by Commodity Inside
China-Pakistan Economic Corridor (CPEC) is around 3,000 km long trade route from Pakistan’s Gwadar Port to Kashgar city in northwestern China’s Xinjiang Uygur autonomous region. The route is comprised of a raft of mega construction and infrastructure projects set to be completed by 2030. The Chinese government promised to finance CPEC with $46 billion investment,
- Published in Construction, Steel